AppLovin Co. (NASDAQ:APP) CMO Sells $1,007,772.55 in Stock

AppLovin Co. (NASDAQ:APP) CMO Katie Kihorany Jansen sold 12,755 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $79.01, for a total value of $1,007,772.55. Following the completion of the transaction, the chief marketing officer now directly owns 1,236,703 shares in the company, valued at approximately $97,711,904.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Katie Kihorany Jansen also recently made the following trade(s):

• On Thursday, May 9th, Katie Kihorany Jansen sold 147,984 shares of AppLovin stock. The stock was sold at an average price of $82.29, for a total transaction of $12,177,603.36.

AppLovin Stock Performance

NASDAQ:APP opened at $82.15 on Monday. The stock has a market cap of $27.03 billion, a P/E ratio of 48.90, a PEG ratio of 1.39 and a beta of 1.85. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.59. The business’s 50-day moving average price is $74.72 and its two-hundred day moving average price is $55.92. AppLovin Co. has a twelve month low of $21.03 and a twelve month high of $88.50.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. AppLovin had a net margin of 16.46% and a return on equity of 51.55%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $973.70 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. As a group, equities analysts predict that AppLovin Co. will post 2.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APP shares. TheStreet raised AppLovin from a “d+” rating to a “c-” rating in a report on Friday, March 8th. UBS Group lifted their price objective on AppLovin from $46.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Wedbush upped their price objective on shares of AppLovin from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Morgan Stanley boosted their price target on shares of AppLovin from $55.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group raised their price objective on shares of AppLovin from $73.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.72.

Hedge Funds Weigh In On AppLovin

Large investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC bought a new stake in shares of AppLovin in the 4th quarter valued at about $32,000. Covestor Ltd raised its holdings in AppLovin by 85.8% during the 1st quarter. Covestor Ltd now owns 511 shares of the company’s stock valued at $35,000 after buying an additional 236 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in AppLovin during the 1st quarter valued at $38,000. ORG Partners LLC boosted its position in AppLovin by 212.0% during the 1st quarter. ORG Partners LLC now owns 624 shares of the company’s stock valued at $43,000 after buying an additional 424 shares during the period. Finally, Quarry LP purchased a new position in shares of AppLovin in the fourth quarter valued at about $44,000. 41.85% of the stock is owned by hedge funds and other institutional investors.

About AppLovin

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.